Jamuna Bank MD summoned over FDR chaos

The High Court (HC) on Tuesday summoned Jamuna Bank managing director Shafiqul Alam to appear before it on 29 January to explain why the bank did not pay the Fixed Deposit Receipt (FDR) money to a businessman.

A bench of justice Mamnoon Rahman and justice Ashish Ranjan Das passed the order after hearing a petition filed by businessman AIM Hasanul of Banani area in the city.

According to the writ petition, businessman Talebun Nur opened an FDR account of Tk 51 lakh with the bank's Nawabpur branch on 5 March 2005. The deposit became matured after five years.

But, the account was showing a total of Tk 2.5 lakh as balance.

Later, Talebur gave power of attorney to his business partner Hasanul Mujib to withdraw the money from the bank, but the authority did not pay him the money stating that the account contained an insufficient amount.

Following it, Talebur wrote to the Bangladesh Bank failing to get a response for the concerned bank despite repeated attempts but failed.

Hasanul later filed a writ petition with the HC on 12 February 2017.

The HC then directed Jamuna Bank to pay Hasanul Tk 51 lakh against his FDR within 30 days.